The Buffalo Nickel, minted from 1913 to 1938, is a cherished piece of American numismatic history. Featuring a Native American on the obverse and an American bison on the reverse, these coins are not only artistic masterpieces but also potential treasures.
Certain rare variants and errors have elevated their value astronomically. In this article, we delve into seven Buffalo Nickels that, collectively, are valued at over $1 million. Could one of these be hiding in your collection?
1. 1916 Doubled Die Obverse Buffalo Nickel
In 1916, a minting error led to the doubling of the obverse design, making the date appear twice. This doubled die error is highly sought after by collectors. A specimen graded MS64 sold for $281,750 in 2004.
2. 1918/7-D Overdate Buffalo Nickel
Due to a die error, some 1918 nickels were struck over 1917 dies, resulting in an overdate where the “7” is visible beneath the “8”. A high-grade example (MS65) fetched $350,750 in 2006.
3. 1926-S Buffalo Nickel
With a mintage of only 970,000, the 1926-S is the rarest regular-issue Buffalo Nickel. Its scarcity in uncirculated condition makes it extremely valuable. An MS66+ grade coin sold for $105,750 in 2016.
4. 1937-D Three-Legged Buffalo Nickel
A polishing error at the Denver Mint resulted in some nickels missing one of the buffalo’s legs, creating the famous three-legged variety. An MS66+ example sold for $99,875 in 2021.
5. 1914/3 Buffalo Nickel
This overdate error, where a “4” is stamped over a “3”, is subtle but significant. High-grade specimens are rare and valuable, with prices reaching into the tens of thousands.
6. 1936-D Three-and-a-Half Legs Buffalo Nickel
Similar to the 1937-D error, this variety features a partially missing leg due to over-polishing. An MS66+ graded coin sold for $125,350 in 2008.
7. 1935 Doubled Die Reverse Buffalo Nickel
This error features doubling on the reverse side, particularly noticeable on the “FIVE CENTS” inscription. An MS65 example sold for $104,650 in 2007.
| Year | Variety/Error | Notable Sale Price | Grade |
|---|---|---|---|
| 1916 | Doubled Die Obverse | $281,750 | MS64 |
| 1918/7-D | Overdate | $350,750 | MS65 |
| 1926-S | Low Mintage | $105,750 | MS66+ |
| 1937-D | Three-Legged | $99,875 | MS66+ |
| 1914/3 | Overdate | Tens of thousands | High Grade |
| 1936-D | Three-and-a-Half Legs | $125,350 | MS66+ |
| 1935 | Doubled Die Reverse | $104,650 | MS65 |
The Buffalo Nickel series offers a treasure trove of valuable coins, especially those with rare errors or low mintages.
If you possess any Buffalo Nickels, it’s worth examining them closely for these unique characteristics. A coin that once facilitated everyday transactions might now be a gateway to a substantial fortune.
FAQs
How can I identify a 1916 Doubled Die Obverse Buffalo Nickel?
Look for a noticeable doubling of the date on the obverse side. The numbers will appear as if stamped twice in slightly offset positions.
What makes the 1937-D Three-Legged Buffalo Nickel valuable?
A minting error resulted in the buffalo missing one front leg. This unique feature, combined with its rarity, makes it highly sought after by collectors.
Are all Buffalo Nickels valuable?
While many Buffalo Nickels hold some value, especially in good condition, only specific errors, low mintage years, or high-grade specimens reach values in the thousands or more.